Fixed Assets Module Overview
Fixed Assets are only applicable for organisations that create accruals-based accounts. Fixed assets are purchases that will be used by an organisation for a number of years and will retain some of their value for that duration. Examples include purchases such as a building, minibus, sound system, or significant computer expenditure. To be classified as a Fixed Asset, rather than an expense, a purchase would tend to have significant value (£500 is a suggested minimum), but it’s ultimately determined by what your organisation has set out in its capitalisation policy.
Watch this short video to learn more about the Fixed Assets Module:
Frequently Asked Questions